Foreign banks twice accelerated reduction of number of representations in the Russian market in October

Since the beginning of 2022 the number of representations of foreign banks to Russian Federation was reduced by six offices. Thus a half of them were closed current month, reports newspaper "Kommersant" with reference to the updated register Central bank Russian Federation (Bank Russia). "Since the beginning of year six representations of foreign banks which Russian Federation worked in the different cities, voluntary refused accreditations, three made it in October. For 2021 only three representations, in 2020 — one" were closed — is spoken in material. As a result now 32 divisions of the foreign operate on the Russian financial market only...